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Crown Fiber Optics says they’ve secured multi-year fiber infrastructure contracts, representing a total value of slightly more than $100 million.
By: Brad Randall, Broadband Communities
Long-term awards in New Mexico and Washington are poised to continue the momentum of Crown Fiber Optics, which announced it has secured over $100 million in fiber infrastructure contracts within their contract and backlog portfolio.
With the announcement, Crown Fiber Optics (also known as Crown Fiber) said the company’s newly awarded contracts are worth roughly $80 million in annual revenue potential.
“Crown Fiber continues to build momentum across the Pacific Northwest through federally funded rural broadband initiatives and long-term partnerships with leading network providers,” the company’s release stated.
In addition to a $6 million contract to complete Rural Utilities Service (RUS) funded fiber projects in Vale, Oregon, Crown Fiber says they’ve also secured a contract with a Native reservation in Oregon.
“The current phase of this initiative is valued at approximately $3 million, with future phases projected to expand the total opportunity to over $25 million within the next two to three years,” Crown Fiber’s Nov. 10 release stated.
Corey Boaz, the president of Crown Fiber, which is a division of Crown Electrokinetics Corp., said the company has maintained an unwavering commitment to quality, accountability, and reliability.
“Through proprietary technology, disciplined operations, and a relentless focus on safety, performance, and timely project delivery, we consistently create exceptional value for our clients. I am incredibly proud of our team,” Boaz said. “Their drive and professionalism make this growth possible and continue to strengthen the trust we have built with our partners.”
Looking ahead, Boaz said Crown Fiber would continue trying to raise the bar for fiber broadband infrastructure.
The company specializes in fiber network design and construction and provides end-to-end fiber network deployment service, the release explained.
